Brigadier Gold Limited
TSX VENTURE : BRG

Brigadier Gold Limited

September 27, 2011 18:50 ET

Brigadier Announces the Extension of the Expiry Dates of Certain Warrants Previously Issued

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2011) - Brigadier Gold Limited (TSX VENTURE:BRG) (the "Company") announced today that the TSX Venture Exchange has approved the extension of the expiry dates of certain warrants previously issued by the Company.

The Company completed a private placement on October 7, 2010 of 13,333,333 units at a price of $0.15 per unit, where each unit consisted of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.25 per common share on or before October 7, 2011 (the "October Warrants"). The expiry date of the October Warrants has now been extended until April 7, 2012. In the event that the common shares of the Company close at a price in excess of $0.70 for 20 consecutive trading days, the Company may reduce the exercise period of the October Warrants to 30 days after giving notice of same.

The Company also completed a private placement on November 12, 2010 of 8,321,828 units at a price of $0.18 per unit, with each unit consisting of one common share, and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.25 per common share on or before November 12, 2011 (the "November Warrants"). The expiry date of the November Warrants has now been extended until May 12, 2012. In the event that the common shares of the Company close at a price in excess of $0.70 for 20 consecutive trading days, the Company may reduce the exercise period of the November Warrants to 30 days after giving notice of same.

Contact Information